Davies has announced the acquisition of TriPlus Services, the long term care insurance third party administrator as it looks to continue its North American expansion plans.
TriPlus provides its long term care carrier clients with claims and policy administration management solutions as well as actuarial and claims consulting.
Under the deal TriPlus will join Davies established Claims Solutions business in the US, enabling Davies to widen its claims and administration offering to include long term care.
Peter Lucas, CEO of TriPlus will continue to lead the business and report to US Claims Solutions CEO, Matt Button. All 200 TriPlus employees will also continue in their roles as Davies employees.
The deal marks Davies fifth acquisition of 2020, following the acquisition of KeoghsCodebase8, Citadel and Cedar Consulting and ContactPartners.
Globally Davies has more than 4,000 colleagues, with operating centres across the UK, Ireland, Bermuda, the US and Canada.
Dan Saulter, group CEO, Davies said: “I’m thrilled that the TriPlus team have decided to join Davies and partner with us as we look to grow our Claims Solutions business in the US and broaden the range of services we can provide to our clients. TriPlus has an excellent reputation and their client service focused culture is closely aligned with ours.”
“Extending and growing our operations in the US is a core part of our strategy; and we plan to continue developing our capabilities in the US both in our claims areas, but also more widely across our other core competencies.”